£144,000

Studio for sale

  1.  59Fa1758-6Ef3-435d-B
  2.  67E02Af6-6753-4457-8
  3.  F27Efc80-6d8A-4A20-B
Leasehold

£144,000

Studio for sale

Arthur Place, Birmingham, West Midlands B1

1 bath
1 reception
EPC rating: B
Tenure:
Leasehold
Time remaining on lease:
103 years
Service charge:
£1,263 per year
Council tax band:
B
Ground rent:
£100

Local area information

Property location

Nearby amenities

  • Jewellery Quarter Academy 0.1 miles
  • City United Academy (CUA) 0.1 miles
  • Jewellery Quarter 0.4 miles
  • Birmingham Snow Hill 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Birmingham to find out more about the area.

Features and description

  • Leasehold
  • Buy-To-Let Investment Opportunity
  • 6.4% Gross Yield
  • First Floor Apartment
  • Convenient & Sought-After Location
  • Open Plan Living Room & Fully Fitted Kitchen
  • Private Balcony
  • Bedroom Area & Separate Shower Room
  • Secure Allocated Parking
  • Communal Courtyard Garden
*** Buy-To-Let Investment Opportunity! ***

Located in proximity to the highly sought-after Jewellery Quarter, the contemporary feel of this city centre property would perfectly suit those seeking the enjoyment of the vibrant lifestyle that Birmingham has to offer.

The open plan structuring of the layout means that light floods into all corners of the studio from the balcony window and maximises daylight hours from the bedroom right through to the lounge area.

As aesthetically conscious as is it functional, and with plentiful counter space and fitted cupboards, the bright and stylish kitchen lends itself well to culinary ventures both alone or with company. Opening up into the lounge area gives it a homely and open feel, inviting conversation or a quiet moment of contemplation after a busy day at work. The property also benefits from modern wooden-style flooring, which is both convenient for cleaning and reflects light.

A built-in mirrored wardrobe offers clever storage space and allows for ample depository of laundry. As well as electrical heating throughout the property the bathroom has a large luxurious shower and heated curtain rail, meaning you can wrap up in a warm towel as soon as you are finished showering. Bliss!

Views of the inward-facing courtyard give a sense of community whilst still maintaining privacy. Decking supplies a carefree alternative to gardening, and the sun trap that is created captures every bit of sunshine.

Relax in the summer sun with the perfect outdoor spot, ideal for listening to music or lying back with a book. The patio area provides greenery and a focal point for socialisation, perfect for those leisurely weekends taking in all that the city has to offer.

With secure parking, you can leave the car and take the short walk into to Brindleyplace or the Jewellery Quarter to enjoy the cosmopolitan nightlife of bars and restaurants nearby.

Having a tenant in situ until October 2024 paying £800PCM, the property is currently yielding a 6.4% gross return making it a great addition to any buy-to-let portfolio.

***

A reservation fee, refundable on exchange, will be payable by the Buyer to Barrows & Forrester Property Group Ltd prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract.

This fee will be reimbursed upon Exchange of contracts.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer.

The fee will be retained by Barrows & Forrester Property Group Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:
1. Any structural or material issues arising from any survey that has not previously been disclosed. 2. A defect in the seller’s legal title.
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown.
4. The buyers chain falling through no fault of the buyer.
5. The vendor not securing a property in the allotted timeframe.
6. The vendor withdrawing the property from the market.

The reservation fee levels are as follows:-
-An agreed offer under £300,000 will be £750 inclusive of VAT.
-An agreed offer between £300,001 and £500,000 will be £1,000 inclusive of VAT.
-All agreed offers over £500,001 and £1,000,000 will be £1,500 inclusive of VAT.
-All agreed offers over £1,000,001 will be £2,500 inclusive of VAT.

The reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed.

Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 6 above will lead to the reservation fee being retained.

A further fee will be payable on any subsequent reduced offer accepted by the vendor.

This will be returnable subject to the conditions that prevail for all reservation fees.<br /><br />

There are some planning applications within 0.5 miles of this home

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Listed by

Barrows and Forrester Property Group

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Property descriptions and related information displayed on this page are marketing materials provided by - Barrows and Forrester Property Group. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Barrows and Forrester Property Group for full details and further information.

  1. Zoopla
  2. For sale
  3. West Midlands
  4. Birmingham
  5. Birmingham City Centre
  6. Arthur Place

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